First Topic – Big Three Bridge Loans Pass House – Fate Uncertain in Senate
A House-passed bill to speed $14 billion in loans to Detroit's automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate. Republicans are challenging lame-duck President George Bush on the proposal, arguing that any support for the domestic auto industry should carry significant concessions from autoworkers and creditors and reject tougher environmental rules imposed by House Democrats. Supporters cited dire warnings from GM and Chrysler executives, who have said they could run out of cash within weeks, and concerns that a carmaker collapse would erase tens of thousands of jobs and jolt an already bleak economy. U.S. Congressman Thaddeus McCotter (R-MI), who voted in favor of the bill last night, joins us.
Second Topic – An Enduring Crisis for the Black Family
In this past Saturday's Washington Post, Kay Hymowitz laid out the next great civil rights struggle. “In the nearly half-century in which we have gone from George Wallace to Barack Obama, America has another, less hopeful story to tell about racial progress, one that may be even harder to reverse. . . Since 1965, through economic recessions and booms, the black family has unraveled in ways that have little parallel in human cultures. By 1980, black fatherlessness had doubled; 56 percent of black births were to single mothers. In inner-city neighborhoods, the number was closer to 66 percent. By the 1990s, even as the overall fertility of American women, including African Americans, was falling, the majority of black women who did bear children were unmarried. Today, 70 percent of black children are born to single mothers. . ." Hymowitz argues it is time for government and society to get serious about mending the black family and that President Elect Obama should seize the opportunity as the first African American president to end this crisis in black communities. She is here to make her case.